UMC $7.66 entry to $12

Panjang

United Microelectronics Corporation (NEW) (NYSE:UMC)

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NYSE:UMC United Microelectronics Corporation (NEW)

There is a lot of volume moving into this foundry play on the toshiba news. pink indicates gap channels support/ resistance along the way. Likely to see some consolidation here until we get more news, perhaps a easy move to $12 for ER. Personally I am eyeing an entry in this at $7.66, thoughts? NOT advice just what I see!

Komen:

watch the pink dot, holding here. was previous major resistance, could become new support

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